Sanima Reliance Life Announces Bonus Rates, Maximum Set at NPR 70 per Thousand

Kathmandu – Sanima Reliance Life Insurance Limited has published its latest bonus rates for policyholders based on the actuarial evaluation of the last financial year. The company has set bonus rates ranging from a minimum of NPR 19 to a maximum of NPR 70 per thousand, depending on the type and duration of the insurance policy.

For regular Endowment Life Insurance Plans, the bonus rate varies from NPR 35 to NPR 70 per thousand, while Endowment Life Insurance Plan will receive bonuses between NPR 35 and NPR 65 per thousand. Policyholders under the Triple End Assurance life insurance Plan will receive bonuses ranging from NPR 20 to NPR 30 per thousand, with the same rates applying to the Joint Life Endowment Life Insurance Plan.

Similarly, Endowment Cum Whole Life and Limited Payment Endowment Cum Whole Life Plans will see bonus allocations between NPR 35 and NPR 70 per thousand. Under the Money Back Life Insurance Plan, bonuses will range from NPR 32 to NPR 42. Meanwhile, the Annual Money Back Plan will offer policyholders between NPR 19 and NPR 21 per thousand. In the Annual Money Back-Fixed Deposit Regular Insurance Plan, policyholders paying regular premiums will receive a bonus of NPR 24 per thousand throughout the insurance period, while Annual Money Back-Fixed Deposit Single Premium policyholders will receive NPR 54 per thousand.

The bonus rate for a 15 Year Money Back Assurance Policy is set at NPR 41 per thousand, while the 20 Year Money Back Assurance Policy will offer NPR 45 per thousand. Annual Money Back policy will provide a bonus of NPR 30 per thousand, whereas Group Endowment Assurance policy will receive NPR 19 per thousand.

For Endowment Assurance Cum Whole Life policy, the bonus rate ranges from NPR 30 to NPR 60 per thousand, and for Limited Endowment Assurance insurance plans, policyholders will receive between NPR 40 and NPR 65 per thousand. In the Child Assurance Plan, the bonus rate has been determined between NPR 19 and NPR 34 per thousand, based on the policy period.

Sanima Reliance Life Insurance has confirmed that these bonus rates will apply to death claims, surrender claims, paid-up value claims, term payment claims, and active bonds. The company has also clarified that these rates will remain in effect until further adjustments are approved by the Nepal Insurance Authority following another actuarial assessment.